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YES BANK Receives Ratings from both CARE Ratings & India Ratings for Basel III AT1 Bonds for INR 1500 Crore

  • Rating of CARE AA (Stable) from CARE Ratings
  • Rating of Ind AA with Stable Outlook from India Ratings & Research

Mumbai, December 23, 2016:  YES BANK, India’s 5th largest private sector Bank has announced that it has received ratings for an additional amount of INR 1500 Cr of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to INR 3600 Cr.

YES BANK had announced on 19th December, 2016 that it has received ratings for INR 2100 Crores of Basel III Compliant AT1(Additional Tier-1) Bonds (Link to the Press Announcement: https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-receives-ratings-from-both-care-ratings-and-india-ratings-for-basel-iii-at1-bonds )

About YES BANK

YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at http://www.yesbank.in/

For media queries, please contact:

YES BANK
Jitesh Patel
Ph.: +91 22 3347 9753, +91 9820813570
Email: jitesh.patel@yesbank.in

Delna Irani
Adfactors
Ph.: +91 9820660467
Email: delna@adfactorspr.com

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